we appreciate the fact you are sharing your thoughts and viewpoints today, mister billingslea, for the committee's benefit i understand you have return early from travel to be here and we thank you for that. we originally had assistant secretary chris ford scheduled for this hearing but we were asked that he be available to testify before the senate banking committee and we have a simultaneous hearing happening and since we had these two outstanding witnesses , we relented and allowed chris to go over to the banking committee will that testimony will be taking place they are. you likely will be us before us again in the future to talk about other issues that he's responsible for again, we thank you. you know the order here, you could summarize your comments in about five minutes, any written materials you have with unanimous consent will be entered into the record and with that mister mitchell, if you would begin, we would appreciate it. >> german porter, thank you for inviting me to testify today. if you're told me, i want to start with a piece of welcome news unrelated to this mornin